By Thanasis Stamou – Director of INVESTA Real Estate
There are many buyers who are looking for the ideal used property for them and their family, spending a lot of time and a lot of patience until they find it. But there is also a portion of buyers who choose to save time by choosing a property that is still in the plans. But what are the differences between a used property and one that is still in the plans? What are the benefits of choosing an under construction property?
There are many advantages of an under construction property that a prospective buyer should consider. We analyze them below.
1. The price is set and specific.
On the financial side, a property that is now being built has a specific price and rarely will you find enough buyers to engage in a bidding 'war' to purchase it. Selling an existing property involves reaching the maximum bid price so that the owner closes. The result is that buyers usually go beyond their original budget and acquire a property at a higher price than they originally estimated. By choosing an under-construction property, buyers lock in a price right from the start, without going through the bidding and waiting process.
2. Greater energy efficiency and low maintenance needs.
The maintenance costs of a property are among the most important expenses that a prospective buyer should consider. Even if it is a newly constructed property (for example 5 years old) the cost to maintain it is higher compared to one that is being built today. The property built today will require maintenance costs later and thus save some resources to its owner. Also, the newly built property is clearly more economical in terms of energy consumption. With environmental protection as well as maximum energy saving in mind, it is manufactured with the latest trends and energy mechanisms on the market. Therefore, this is another source of savings. We do not forget to point out here that the construction of newly built properties follows all modern anti-seismic regulations.
3. Your property exactly as you imagined it.
Choosing to buy a property that is under construction means that it is still being formed. This implies that the buyer can intervene and change what he does not like. For example, he can add or remove a room, configure the floor, the heating or the layout as he likes and many more possibilities of changes. In this way, he creates a property exactly based on his personal needs, without compromising on something different. In addition, the feeling of living in a new property, which has not suffered the slightest wear and tear from time or use, is a significant advantage.
4. The helpful assistance of licensed real estate agents.
Real estate agents are not by your side just to offer for sale or rent properties that are already on the market but also those that are in the plans. From the beginning of the process to its end, real estate consultants are by your side to offer you valuable advice at every stage. They are also at your disposal and can undertake with their physical presence to visit and supervise the execution of the works and report to you the progress at any time and moment.
Buying a property to cover and house personal needs is never an easy task. There are many parameters that should be calculated and they are not only financial. The most important decision that will have to be made is buying a used property or a property under construction. Clearly both categories have advantages and disadvantages which should be well calculated, always with the buyer's needs in mind.
INVESTA Real Estate - properties Larissa, is at your disposal with a rich portfolio of quality properties under construction as well as used properties. We will be happy to serve you.
Thanasis Stamou is the director of
INVESTA Real Estate - Larissa real estate agency. He has experience in the field of real estate since 2005. He is a real estate agent, appraiser, negotiator and investment advisor. Specializes in training Real Estate Consultants.
